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Kansas State's Agronomy eUpdate says a weak La Niña is present and is expected to peak and then weaken into spring. Historically La Niña is strongly associated with drier-than-normal weather, and only two of 15 past La Niña events brought above-normal Kansas precipitation in February through April.
A drier-than-normal spring in Kansas raises the risk to hard red winter wheat and early corn planting, which can support prices for feed grains.
eupdate.agronomy.ksu.eduJan 26, 2018After 322 past bullish weather events, KWHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
